Europe is buying more LNG to refill storage for winter, driving up prices and reducing demand in Asia. EU gas storage at 58.90% capacity, needs to reach 90% by November. Europe’s reliance on LNG due to elimination of coal and nuclear. Asian importers turn to coal as Europe buys more LNG. Europe faces higher energy costs and may need government intervention. Asia’s coal demand rises. Europe may struggle with LNG costs in the long term.
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